SEC Form 4 · accession 0001140361-15-033167
SUMMIT FINANCIAL GROUP INC · SMMF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
H Charles Maddy III
Officer — President & CEO · Director
Period of report
Aug 21, 2015
Accepted (ET)
Aug 24, 2015 · 10:21 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000811808
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3,F4 | Aug 21, 2015 | G | 141 | $0.00 | D | 11,949 | D | |
| Common StockF5 | holding | — | — | — | 55,929 | I | By Wife | |
| Common Stock | holding | — | — | — | 26,514 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $5.95 | holding | — | — | — | Oct 26, 2002 | Oct 26, 2016 | Common Stock | 2,400 | 2,400 | D |
| Employee Stock Option (Right to Buy)F2 | $9.49 | holding | — | — | — | Dec 6, 2003 | Dec 6, 2017 | Common Stock | 5,600 | 4,200 | D |
| Employee Stock Option (Right to Buy)F2 | $17.79 | holding | — | — | — | Dec 12, 2004 | Dec 12, 2018 | Common Stock | 9,600 | 9,600 | D |
| Employee Stock Option (Right to Buy)F2 | $25.93 | holding | — | — | — | Dec 6, 2005 | Dec 7, 2019 | Common Stock | 12,000 | 12,000 | D |
| Employee Stock Option (Right to Buy)F2 | $24.44 | holding | — | — | — | Dec 6, 2005 | Dec 6, 2015 | Common Stock | 15,000 | 15,000 | D |
| Stock-Settled Stock Appreciation RightsF1 | $12.01 | holding | — | — | — | Apr 22, 2016 | Apr 23, 2025 | Common Stock | 34,850 | 34,850 | D |
Explanation of responses
- F1Option and/or SAR vests in 5 equal annual installments with the beginning date indicated.
- F2Option expires in 5 equal annual installments with the final date indicated.
- F3This transaction involves a gift by the reporting person to his son who no longer shares the reporting person's household. The reporting person disclaims beneficial ownership of these shares and will no longer report them for purposes of Section 16.
- F4The amount beneficially owned at the end of the month changed due to 1.11 shares acquired through participation in the Company's dividend reinvestment program.
- F5The amount beneficially owned at the end of the month changed due to withdrawal from the Company's dividend reinvestment program.